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ECB and BOE Look Set
To Hold Rates Steady

By

Michael Connolly

Updated Nov. 7, 2007 11:59 p.m. ET

With recent data indicating that euro-zone inflation is accelerating and Europe's previously strong economic growth appears to be slowing, the European Central Bank and the Bank of England are expected to keep their benchmark interest rates steady Thursday while banks continue to tally the damage from the subprime lending crisis.

Bank of England Gov. Mervyn King says it could be "several more months" before all the losses suffered this summer are exposed and accounted for. Meanwhile, as Nina Koeppen, Andrew Peaple...